Not everyone is in full support of further globalization, as is evidenced by the December, 1999 riots at the World Trade Organization in Seattle. , have argued that globalization creates further poverty, destroys the environment, and ultimately favors the interests of multinationals over national interests, or WTO rules encroaching on domestic regulations, as illustrated in this graphic implying incompatible interests.
By informatization, I refer to the process primarily by which information technologies, such as the world-wide web and other communication technologies, have transformed economic and social relations to such an extent that cultural and economic barriers are minimized.
Friedman's comment above serves to illustrate the profound importance assigned to the cultural and technological forces now reshaping the world.
But what are these forces that seem to have such a profound effect on our lives?
The awesome potential of information technologies and globalization has already had a profound impact upon industries, particularly the financial markets.
Societies and communities have no choice but to participate in this 'New International Information Order,' but the character of their participation is shaped by specific social, cultural, economic and political conditions.
This complex multi-level process of mediation between the global and the local, as an inherently communication phenomenon, promises to change not only the context, but likely the nature of intercultural communication.
Globalization refers primarily to the ways in which economic and industrial institutions (such as industries or corporations) interact in various locations throughout the world, with primacy given to no specific geographic location. Ideas, customs, and cultural movements all follow closely after the exchange of goods across national boundaries.